Gig Economy

  • Chinese Mobile Phone Shipments Down 6 Percent In March

    April 10, 2019 Mobile phone shipments declined six percent in March compared to a year ago in China as the country contended with a slowdown in the economy. Citing the China Academy of Information ...
  • No-Deal Brexit Will Slash 3.5 Pct Off UK GDP

    April 9, 2019 No-Deal Brexit Will Slash UK Economy’s GDPThe International Monetary Fund (IMF) warned on Tuesday (April 9) that a no-deal Brexit would sacrifice between two and three years of normal economic growth for Britain’s economy between now ...
  • IMF Forecasts Decrease In Growth For Slowed Global Economy In 2019

    April 9, 2019 International Monetary FundThe International Monetary Fund (IMF) has released a new forecast about worldwide economic growth that shows the global economy is faltering, according to a report in The Wall Street Journal. ...
  • Demand For Eurozone Loans Flat At Start Of 2019

    April 9, 2019 eurozone loansDespite interest rates hovering near record lows, demand for loans by eurozone businesses was flat at the start of the year, increasing the likelihood the European Central Bank will have ...
  • mPOS Providers Cater To SMBs Amid Contactless Payments Surge

    April 9, 2019 mPOS Providers Cater To SMBs With ContactlessMobile point-of-sale (mPOS) providers are catering to the needs of small and medium-sized businesses (SMBs) as the use of contactless payments heats up around the world. Last week, the jobs ...
  • Retail’s Staffing Stumbling Block

    April 8, 2019 Retail’s Staffing Stumbling BlockFor the most part, the employment picture in the United States is strong. Last week’s jobs report indicated 196,000 positions were added to the U.S. economy in March, beating analyst ...
  • How Payments Factor Into The Growing Gig Economy

    April 8, 2019 How Payments Factor Into The Gig EconomyThe gig world is becoming a mainstream part of the economy, and workers are pursuing specialized jobs in the space. Last month, the all-in-one platform for solo entrepreneurs HoneyBook announced ...
  • Analysts Brace For Disappointing Q1 Bank Results

    April 8, 2019 Earnings for U.S. banks kick off this week, with analysts expecting earnings in the first quarter to contract, marking the first time in three years. According to a report in Reuters, ...
  • Dimon Sees Progress In Economy, Promise In AI

    April 5, 2019 Dimon Sees Progress In Economy, Promise In AIJPMorgan CEO Jamie Dimon’s shareholder letters are closely read for pearls of insight about the economy, the investment climate and even for nuggets about America’s standing in the world. In his ...
  • Hiring Boom Sees 196K New Jobs In US

    April 5, 2019 Hiring Boom Sees 196K New Jobs In USFollowing a slowdown in February, hiring in the United States rebounded in March, when non-farm payrolls rose by a seasonally adjusted 196,000 jobs. That figure exceeded a 175,000 increase from ...
  • Brexit Drama Costs UK Economy £6.6B Per Quarter

    April 4, 2019 BrexitThe cost of voting to leave the European Union has been 6.6 billion pounds every quarter for the U.K., according to research from S&P Global Ratings. S&P Senior Economist Boris Glass ...
  • NY Fed Says US Household Debt Higher, But Not A Risk

    April 4, 2019 saving moneyA little over a decade ago, something nearly unprecedented happened in the American economy: household debt contracted instead of growing. After hitting a peak a little north of $12 trillion ...
  • Survey: Americans Optimistic, Yet Anxious, About Savings

    April 1, 2019 Americans Optimistic, Yet Anxious, About SavingsA new survey by CNBC showed that Americans are feeling optimistic about their ability to save for the future, but are also still anxious about it. The survey, which was ...
  • Feb Retail Sales Drop As Consumers Curb Spending

    April 1, 2019 retail salesRetail sales fell in February, as consumers curbed their spending and the stimulus from the tax cuts began to disappear. According to the Commerce Department’s monthly retail sales report, retail ...
  • Lower-Income Households More Confident In Economy

    March 31, 2019 Consumer sentiment improved in March as Americans felt better about the economy and the potential to earn money. According to a report in The Wall Street Journal over the weekend citing the ...
  • Fourth Quarter GDP Growth Revised Lower

    March 28, 2019 Fourth-Quarter GDP Growth Was Revised LowerIn spite of the $1.5 trillion tax cuts put into place at the end of 2017 by President Donald Trump, the economy slowed more than anticipated at the end of ...
  • Platform Economy’s Strong Growth, Based On Trust

    March 28, 2019 The platform economy is global in scope, spanning countries, borders, languages and currencies. Digital meeting places, you might call them – bringing buyers and sellers together across any number of verticals, ...
  • How Freelancer.com Filters Fraudsters From Freelancers

    March 28, 2019 As major rideshare companies compete for even greater shares of the market, they’re placing a heavy focus on fine-tuning onboarding processes. Making it easy for both drivers and riders to ...
  • Abu Dhabi To Invest $272M In Tech Startups

    March 24, 2019 Abu Dhabi said Sunday (March 24) that it will invest as much as $272 million to go toward technology startups, reported Reuters. According to a report in Reuters citing Abu Dhabi, the ...
  • Report: China’s GDP Hinges On Data Privacy

    March 22, 2019 China data privacyA new report on China stated that if the country doesn’t start to work on improving issues like data privacy and intellectual property protection, it could lose out on 37 ...
  • Indian Economists Meet With Central Bank About Slowdown

    March 19, 2019 Indian Economists Meet With Central BankIndian economists met with the chief of the Reserve Bank of India on Tuesday (Mar. 19) to suggest a monetary policy boost, aiming to encourage growth amid concerns over an ...
  • Study: Trade War Squandered $7.8B In GDP Last Year

    March 18, 2019 A new study by a group of economists found the trade war being waged by the White House has cost the economy in the U.S. $7.8 billion in lost gross ...
  • OECD Report: Rise In Counterfeit Goods Harms Global Economy

    March 18, 2019 OECD: Counterfeit Goods Harm Global EconomyA new study by the Organisation for Economic Co-operation and Development (OECD) shows that trading in pirated and counterfeit goods has risen significantly, according to a report in the Financial ...
  • Combating Money Laundering With Automation

    March 15, 2019 Combating Money Laundering With AutomationSolution providers are working to address proper compliance for financial institutions (FIs) and corporations across global markets. In addition, Kroger has become one of the most aggressive would-be innovators in ...
  • Retail Data Points To Tough Sledding For US Economy — Or Vice Versa?

    March 14, 2019 GDPGDP growth is slowing, and retail numbers show lumpiness. Amid wage growth, full employment, a Fed keeping rate boosts in check, are things as good as they get for ...
  • China’s New Guidelines To Boost SMB Lending

    March 13, 2019 China Aims To Boost Small Business LendingThe China Banking and Insurance Regulatory Commission (CBIRC) has released new guidelines aimed at getting banks to increase lending to small businesses. According to a report in Financial Times, the new ...
  • Bad Sign For Retail? US Inventories Jumped In December

    March 11, 2019 Inventories at companies in the U.S jumped in the last month of 2018 as sales plummeted the most in three years. According to a report in Reuters, citing the Commerce Department, ...
  • US Retail Sales Increase In January

    March 11, 2019 US Retail Sales Increase In JanuaryWith a rise in discretionary spending and building materials purchasing, retail sales in the U.S. increased by 0.2 percent in January. At the same time, however, it was noted that ...
  • Chinese Banks Reined In Lending In February

    March 10, 2019 Banks in China reined in lending in February coming off a record high at the start of 2019, reported The Wall Street Journal. The report, citing data released Sunday (March 10), said ...
  • Jobs Data: Employers, Workers Are Hard To Find

    March 8, 2019 Help WantedThe data coming out would seem to indicate the labor market is as tight as might be possible. The headline numbers that came out Friday from the Labor Department do ...
  • ECB Looks To Ramp Up Bank Lending

    March 7, 2019 European Central BankGenerally speaking, central banks hike rates when economic growth threatens to overheat, when inflation threatens to drive up the cost of living beyond desirability. And generally speaking, central banks seek to ...
  • China Does About-Face On Tech Handover Demands

    March 6, 2019 ChinaMight one leg of the trade war between China and the United States have fallen away? As the Associated Press reports, China will stop demands that overseas firms give access to ...
  • China To Institute Billions Of Dollars In Tax Cuts To Boost Economy

    March 5, 2019 China is aiming to boost the economy by tax cuts and infrastructure spending in the billions of dollars range. Reuters, citing Chinese Premier Li Keqiang, reported the Chinese government is aiming for ...
  • Democrats Propose Tax On Stocks, Bond, Derivative Deals

    March 4, 2019 StocksIn a move that could negatively impact high-frequency traders, Democrats are bringing forward a plan to tax stock, derivative and bond deals. U.S. Rep. Peter DeFazio (D-OR) is spearheading the ...
  • Chinese Tech Companies Reining In Perks, Laying Off As Economy Slows

    March 4, 2019 Didi Chuxing, the Chinese ride-hailing startup, ByteDance, the mobile app maker in China, and other Chinese tech firms are reining in perks such as free snacks and gym memberships, slashing ...
  • Personal Income, Consumer Spending Signal Weak Q1 Growth

    March 3, 2019 EconomyAmid the biggest drop in consumer spending since 2009, personal incomes in the U.S. declined for the first time in over three years. The moves began the early part of ...
  • US Economic Growth In 4Q Not As Bad As Expected

    February 28, 2019 With the tax cut in the rear window, the growth in the U.S. economy slowed to an annual rate of 2.6 percent during the last three months of the year. But ...
  • Young Adults Have Record Debt Surpassing $1T

    February 25, 2019 Young Adults' Record Debt Surpasses $1 TrillionAmericans between the ages of 19 and 29 ended 2018 collectively owing more than $1 trillion in debt, the highest level for young adults since the end of 2007. According to ...
  • Moody’s Says Corporate Debt Is High, But Risks Are Contained

    February 22, 2019 Moody's: Corporate Debt High, Risks ContainedAccording to recent data from Moody’s investor services, corporate leverage in the U.S. has reached pre-2008 levels, meaning banks are facing risk that is elevated above what has been seen ...
  • Chinese Gov’t Bolsters Rural Economies With Mobile Payments

    February 22, 2019 China Aims To Bolster Rural Mobile PaymentsIn an effort to strengthen the economy in hamlets and small cities, China is looking to make mobile payments commonplace in rural places prior to the close of 2020. The ...

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